A Bank Statement is sent every month by the bank to _____.

Bank Reconciliation Quiz

Quiz
•
Business
•
12th Grade
•
Hard
陈淑盈 陈淑盈
Used 3+ times
FREE Resource
8 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Justify bank charges
Inform him to collect his dividend
Inform him of the different facilities offered by the bank
Provide him with details of receipts and payments in his bank account
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following items is not a reason for difference between bank balance as per cash book ?
Credit sales
Dishonoured cheques
Cheques deposited but not yet credited
Cheques issued but not yet presented for payment
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Standing order payments _________.
Reconcile the balance on the cash book and the bank statement
Do not change the balance shown on the bank statement
Increase the balance shown on the bank statement
Decrease the bank balance as per bank statement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who prepares the Bank Reconciliation Statement ?
Bank manager
The firm's accounts clerk
Bank's clerk
The customer's
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Cheque drawn on the last day of month April will ________.
Not appear in the Cash Book
Be debited on the bank statement of month April
Not appear on the bank statement balance of month April
Be credited on the bank statement on the last day of April
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
A cash deposit made by the business appears in the Bank Statement as ________balance.
Withdrawal
Credit
Debit
Opening
7.
MULTIPLE SELECT QUESTION
30 sec • 1 pt
Which of the following statements regarding a bank reconciliation statement are true ?
It does not involve double entry.
It is prepared by business to verify its bank balance.
It is sent by bank when an error has been made in its record.
It is sent by bank when its customer's account is overdrawn.
8.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following transactions will decrease an overdraft with the bank?
Bank commission
Returned cheque
Credit transfer
Direct debit
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